". Etsy, Inc. (Etsy) operates two-sided online marketplaces that connect people and buyers, and sellers around the world. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. You can only download this statistic as a Premium user. Items are usually secondhand or homemade. Vinted also works as an intermediary between sellers and buyers, helping resolve issues. If you look around online, youll find a bunch of companies in the U.S. offering physical United States addresses to customers located overseas. In November 2019, Business of Fashion reported that users within the Depop app were receiving sexually suggestive messages.[23]. The platform's "Explore" page features items picked out by Depop staff. Depop. ", Depop's CEOMaria Ragasaid in a statement that Depop is "where the next generation comes to explore unique fashion and be part of a community that's changing the way we shop. - 30M+ registered users in over 150 countries - 32M+ items are available for sale on Depop - $1 Billion made by the Depop community to date How to join Depop Investor Relations Manager, Advances leadership in community-driven and differentiated marketplaces, Etsy to acquire global fashion resale marketplace Depop. Depop - buy, sell, discover unique fashion Log in Menswear Womenswear Jewellery Beauty More Brands Top searches Find your style Shop the biggest brands you know and love. Depop reports having over 30 million registered users in over 150 countries. E-commerce firm Etsy announced Wednesday that it is buying the secondhand fashion app Depop for $1.62 billion. Depop will remain headquartered in London, Etsy said, operating as a standalone business run by current management. There are no boundaries anymore between commerce and connections, consumption and production, and even entertainment and entrepreneurship, says Federica Levato, a partner at Bain, who worked on the report. Please do not hesitate to contact me. Depop promises not to share your details with third parties. Once the package is received, the freight forwarder will ship the package directly to you in Europe. As people are given access to so many different types of inspiration, whether its peer-to-peer or the mix of influence you can get from each type of influential figure, each individual is fluid in their style, their self-expression., Hadiyah Hussain communicates her South Asian culture through her brand on Depop, which features screen-printed pieces for all genders and sizes. Register in seconds and access exclusive features. The marketplaces will operate independently, while benefiting from shared expertise in areas such as product, marketing, technology, and customer support. Listings also aren't required to look overly professional, which makes the Vinted app better suited for casual sellers who want to clear their inventory. You simply register an account with a Freight Forwarder, and theyll provide you with a U.S. based address. These companies provide addresses for this specific use case, and theyll even help ship your packages directly to you. It was established in 2011 by Simon Bekerman and now has over 15 million . Have to complete the purchase to update your shipping address - Depop Depop boasts approximately 30 million registered users across 150 countries. Investor Relations Contact: Etsy, Deb Wasser, Vice President, Investor Relations and ESG Engagement: dwasser@etsy.comor Etsy, Gabe Ratcliff, Director, Investor Relations: gratcliff@etsy.com, Media Relations Contact:Etsy, Kelly Clausen, Senior Director, Corporate Communications: press@etsy.com, Cautionary Statement Regarding Forward-Looking Statements. Forward-looking statements include all statements that are not historical fact. Depop is a legitimate app that lets sellers sell items and buyers buy items; hence not a scam. The user base on Depop is also younger than on Vinted, which, in exchange, has a more international user base. The Depop social shopping app blends the aesthetic and social aspects of Instagram with the buy-and-sell format of eBay. Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021 (in millions) [Graph]. Sellers who live in countries where depop is not popular wouldn't be able to sell anything if they couldn't do it. How do you just dip in and dip out and find what you need to sell quickly, sell simply and sell easily and then carry on with your life?. Depop is a place for anyone to discover and . Like Depop, eBay charges a commission of 10% on all the items sold. With its app available on iOS and Android, Depop promises to be an online shopping site for most items, including designer, preloved, vintage, sneakers, and streetwear. The company, founded by Simon Beckerman in 2011, is headquartered in London, with offices in Manchester, New York, Los Angeles and Sydney, with approximately 400 employees dedicated to its mission of building the world's most diverse progressive home of fashion, that's kinder on the planet and kinder to people. I am currently studying towards my MA in Strategic Fashion Marketing at the University of the Arts London: London College of Fashion. Does the Depop online store ship items overseas to Europe? How do you do the magic of taking people on the algorithmically understood journey of things they might be looking for, but then continually inject inspiration and surprise?. Depop is a place for anyone to discover and celebrate their style on their own terms, and to feel good about their fashion choices by extending the lives of millions of garments. All Rights Reserved. Get full access to all features within our Business Solutions. As of March 31, 2021, Etsy had approximately $2.0 billion in total liquidity consisting of $1.8B in cash, cash equivalents and short and long term investments on its balance sheet and an undrawn $200 million revolving credit facility. Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. Why do we think MyUS is the best? . Depop, which first emerged from an Italian tech incubator in 2011, then established its headquarters in London, is a dark horse in the fashion ecom wars. Users can buy and sell clothing, accessories, and beauty products. Take a picture of the item, describe it, set a price for it, and post. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. Vinted operate differently, with money not being transferred to your account immediately after the purchase. Unfortunately, some users complained that the platform would hold your money for a long time before closing your accounts. That leads us to the question, which of these two reselling platforms is better? You can also move the money to your bank account once its transferred to PayPal. Shares of Etsy have more than doubled in the last 12 months thanks to an e-commerce boom resulting from the coronavirus pandemic. Shop now Sell your way This extends to how these generations view life and society, but also fashion. The buyer pays shipping costs and a small buyer protection fee when buying via Vinted. Poshmark is best known for women's fashion, trendy brands, and higher-end clothing and accessories. Sure, both platforms offer similar services, but their approach is different. Sky warns: "Don't let your photo be more distracting than the product you're selling.". It really makes us think about, how do we serve these journeys? It also gives the online marketplace a bigger footprint in fashion resale. Compare Depop alternatives for your business or organization using the curated list below. The site . How to Deliver Items from the Depop Online Store to Europe Pay for the item, tell the seller where to ship it, and pay for it. New risks emerge from time to time. The freight forwarder accepts the package on your behalf. Up to 140,000 new listings every day. It incorporates fewer categories and focuses more on a buyer experience, allowing users to make offers faster. Its a fairly common question we often see asked, and the answer isnt all that clear. In June 2021, Etsy announced it would acquire Depop for $1.6 billion in cash. Sellers can set up their Depop shop and quickly list . The network currently has more than 15 million users in 147 countries, skewed heavily towards those aged under 26, with plans to expand across Europe and Asia. Use Ask Statista Research Service. Who we are. Depop's 2020 gross. As a Premium user you get access to background information and details about the release of this statistic. Once you make a sale, Depop will send the money to the PayPal account that youve already linked to your account. Essentially, you'll be able to get any item from the Depop store shipped to Europe, all for a crazy low price. Sign up for free newsletters and get more CNBC delivered to your inbox. Others also described the platform as an easy-to-use selling platform. Depop is a place for anyone to discover and celebrate their style on their own terms, and to feel good about their fashion choices by extending the lives of millions of garments. The vintage items are also great since fashion often brings back past trends from time to time. It allows sellers to reach a broader audience thanks to its social features and emphasises a more professional approach when creating posts. We disclaim any obligation to update forward-looking statements. And it doesn't look like there's a way to list items from a computer. r/Depop omfgf i thought this girl had her boob out in the 1st pic and ive been debating whether or not to tell her for like an hour (in case it was an accident) and just realised it was her ELBOW It allows users to buy and sell items, most of which are used and vintage pieces of clothing. Depop is a place for anyone to discover and celebrate their style on their own terms, and to feel good about their fashion choices by extending the lives of millions of garments.<br>The company was founded . Etsy expects to share more information in conjunction with its second quarter 2021 financial results. With over 26 million users in more than 150 countries, Depop is the place for anyone looking to celebrate style on their terms and keeping millions of items of clothing in rotation. "Depop is a vibrant, two-sided marketplace with a passionate community, a highly-differentiated offering of unique items, and we believe significant potential to further scale," Silverman said in a statement Wednesday. . About Depop Our leadership Facts and figures. On the other hand, Depop sellers can absorb the postage cost by hiding it in the item's price as free shipping. Previous investors HV Holtzbrinck Ventures, Balderton Capital, Creandum, Octopus Ventures, TempoCap and Sebastian Siemiatkowski also participated. For Semple, physical events remain hugely relevant. Statista. Generation Z, which spans consumers aged 7 to 25, will make up 40 per cent of the luxury market by 2035, according to consultancy Bain & Company, which has collaborated with Depop on the report. Depop significantly grows Etsy's GMS in the apparel sector, which was ~$1 billion in 2020. Conduct your own research and seek the advice of a licensed financial advisor. Get paid fast when your item sells. [21] The platform has also been criticized by its users for picking predominantly thin models wearing straight size clothing to showcase on its Explore page, which some have described as sizeist.[22][19]. Discover independent brands making waves and the creators behind them. Ebay has a working international search so sellers aren't forced to do it, on depop you have to change your location manually to see listings from other countries. This means that you will need a U.S., Canada, Australia, India, or UK billing and shipping address, as well as a U.S., Canada, Australia, India, or UK internet provider (IP) address. Depop is a place for anyone to discover and celebrate their style on their own terms, and to feel good about their fashion choices by extending the lives of millions of garments. Hadiyah Hussain is studying at Central Saint Martins in London alongside her Depop career. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Its not so long ago that many people wouldnt have thought of themselves as potential resellers, he says. Depop is a reliable website that allows you to buy and sell items. Also, as a Depop seller, you're responsible for contacting a buyer when something's wrong with the order. Decide your price. By Lisa Lacy. As a part of our mission to expand the joy and community of gaming to every player in the world, we're excited to announce we're bringing a preview of PC Game Pass to 40 new countries for the first time ever, comprising: Albania. Subscribe to receive weekly Side Hustle recommendations. The only thing that I would change are the "plus . We see significant opportunities for shared expertise and growth synergies across what will now be a tremendous 'house of brands' portfolio of individually distinct, and very special, ecommerce brands.". What are the Other Ways to Make Money on Depop? Expands our TAM in a large and fast-growing market, Well positioned to benefit from Etsy's expertise to, http://www.prnewswire.com/news-releases/etsy-to-acquire-global-fashion-resale-marketplace-depop-301303695.html. I'm trying to figure out an alternative atm 10 The company has an expanding global presence being popularised in countries such as the United States, United Kingdom, Australia, New Zealand, and Italy. From crypto to clothes: Why Gen Z are investors now, From Essentials to Adidas: Whats next for Fear of God. LocationsView all. Depop was founded in 2011 and has over 26 million registered users in more than 150 countries. Please see our privacy policy for more information. Expands our TAM in a large and fast-growing market, category or geography: Depop is expected to extend Etsy's market opportunity in the high frequency apparel sector, specifically in the fast-growing resale space. It's nothing else than a standard return policy where buyers can return items that might be damaged, missing, or cancelled. my buyer. These risks and uncertainties include: (1) the level of demand for our services or products sold in our marketplaces and our ability to support our recent growth; (2) the importance to our success of the trustworthiness of our marketplaces and our ability to attract and retain active and engaged communities of buyers and sellers; (3) risks related to the COVID-19 pandemic; (4) the fluctuation of our quarterly operating results; (5) our failure to meet our publicly announced guidance or other expectations; (6) if we or our third-party providers are unable to protect against technology vulnerabilities, service interruptions, security breaches, or other cyber incidents; (7) our dependence on continued and unimpeded access to third-party services, platforms, and infrastructure; (8) macroeconomic events that are outside of our control; (9) operational and compliance risks related to our payments systems; (10) our ability to recruit and retain employees; (11) our ability to compete effectively; (12) our ability to enhance our current offerings and develop new offerings to respond to the changing needs of sellers and buyers; (13) our ability to demonstrate progress against our environmental, social, and governance Impact strategy; (14) our efforts to expand internationally; (15) our ability to successfully integrate and receive the expected benefits from the Depop and Elo7 acquisitions; (16) acquisitions that may prove unsuccessful or divert management attention; (17) regulation in the area of privacy and protection of user data; and (18) litigation and regulatory matters, including intellectual property claims. If you are an admin, please authenticate by logging in again. Also, while Vinted focuses mainly on the European market, Depop is much more popular in the United States. Please read rules before posting. As of 2021, Depop has over 30 million users, 90 percent of whom are under the age of 26. to incorporate the statistic into your presentation at any time. Market leadership, with authentic, organic brand traction: Depop deepens our reach into the Gen Z consumer, with differentiated brand strength, strong user engagement and unit economics. Depop is an online hub where people buy and sell used clothing, vintage shoes, and accessories, and the hub is disrupting the global retail industry. With 4 million active buyers and 2 million active sellers in 2020, we believe Depop's cohort behavior is particularly impressive: for example, in 2020, 75% of GMS was from existing cohorts; ~75% of sellers were also buyers; and, on average, sellers sold approximately 10 items and buyers bought approximately 6 items. To download the Depop mobile app, go to Google Play and click download. Approximately 90% of Depop's active users are under the age of 26; and young consumers are adopting second-hand fashion faster than any other audience; According to Depop's monthly brand awareness surveys, it has high prompted awareness for the Gen Z demographic within the resale sector; Depop is the 10th most visited shopping site among Gen Z consumers in the U.S. <u>Company Description</u><br><br>Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. [12] It is the 10th most-visited shopping platform for Gen Z consumers in the US,[18] and, in a poll conducted by The Strategist in 2019, Depop was voted by teenagers as their favorite resale website. Depop is powered by young influencers like 20-year-old Moira Campos who is one of Depop's top sellers. In the 2000's, eBay went on a spending spree that saw it taking ownership of PayPal, Skype and Stubhub, although it has since relinquished ownership of all three businesses. Date of release is date of access.Figures have been rounded. A sub for discussing all things Depop. The company is headquartered in London, with offices in Manchester, New York, Los Angeles and Sydney. Show publisher information 4 locations detected. While Decluttr focuses on selling media stuff such as used tech and media such as CDs, DVDs, and Blu-rays, Depops primary focus is selling clothing, shoes, and other items. But why Depop? You then use this address for your deliveries, and theyll automatically forward them to your home country. $5+ thereafter, Sell computers, home tech, cameras, phones, watches, laptops and tablets, Sell your item directly to buyer and get paid the next day via PayPal, 180+ million buyers, easy listings and sell directly from the smartphone, List up to 200 items for free every month, and only pay when they sell, Global brand trust and seller protections in place from buyers scams. Like Depop, Swappa pays via PayPal. "Australia is Depop's third largest market. Leading fashion e-commerce companies worldwide 2022, by market cap, EV/EBITDA of leading fashion e-commerce companies worldwide 2021-2023, Global consumers reasons for returning clothes bought online 2021, Main online impulse purchases worldwide 2022, by gender. by Jerret West, CVP Gaming Marketing, Xbox Feb 28, 2023 @ 12:01am. Available on Android and iOS (free) Another great app for the starving student! A DJ performs at the launch of social shopping app Depop's 3-month pop-up at Selfridges on August 01, 2019 in London, England.

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